Technical analysis by alirezak about Symbol PAXG: Sell recommendation (1/2/2026)

Dear Traders, Gold is currently trading around 4394 and remains within a descending corrective channel. After the sharp previous drop, the market has entered a range / corrective phase, and so far there is no clear sign of a valid breakout. 🔹 Resistance Zones (Sell Zones) 4465 – 4480 This area is a major resistance and a previous supply zone. If price reaches this level, selling pressure and continuation of the correction are expected. 4413 – 4430 A mid-range resistance aligned with the descending trendline; an initial selling reaction is likely from this zone. 📌 As long as price remains below these resistance levels, the sell scenario remains the priority. 🔹 Support Zone (Buy Zone) 4315 – 4300 This is a key support area and the lower boundary of the current range. If price corrects into this zone, a bullish reaction and a corrective move to the upside can be expected. 📌 Long positions are only logical in this zone and with price action confirmation. 🔹 Probable Scenario Price is likely to correct lower first and retest the 4315 support. if this level holds, a corrective move toward 4410 – 4460 is expected. A confirmed break below 4300 would invalidate the bullish correction scenario and open the door for a deeper decline. Regards, Alireza!Trade Active !Target Reached !